Existing-home sales increased in June to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply helped push the national median sales price to an all-time high, according to the National Association of Realtors®. All major regions experienced sales gains in June and have now risen above year-over-year levels for six consecutive months.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 3.2 percent to a seasonally adjusted annual rate of 5.49 million in June from a downwardly revised 5.32 million in May.

Is this good or bad news for real estate professionals? is this a concern that all real estate professionals should be aware of? Read the whole article below and get back to us on how you feel.

Complete the required 20-hour basic or 8-hour continuing education from the comfort of your own home or office. Both courses are in accordance with the requirements set forth by the California Department of Business Oversight for California Mortgage Loan Originators.

Beginning January 2015, all Mortgage Loan Originators registered with the California Department of Business Oversight (DBO) are required to complete a 2-hour California Supplement. Our 20-hour basic education course has been updated to include the California Supplement and has been approved by the NMLS. If you are registered with the DBO, and completed the old 20-hour course in 2014, but have not yet been licensed, you may to take the new 20-hour course.*Note: The requirements for MLOs registered with the CalBRE have not changed. Both the old and new 20-hour courses fulfill all requirements for MLOs registered with the CalBRE.

If you have any questions or concerns, please contact us at (800) 282-2352.

In order to renew your NMLS endorsement you must complete 8 hours of NMLS-approved continuing education. The continuing education hours must be completed by the student, submitted by the school, and processed by the NMLS by December 31st. After you complete the course, we have 7 days to submit your hours to the NMLS. The NMLS takes approximately two weeks to process our submission. After the NMLS has processed our submission, you will receive an e-mail alerting you that you can now log in to the NMLS Resource Center and pay your renewal fees. Renewal is not officially complete until you have paid your renewal fees. Because of the lengthy process we encourage students to complete their continuing education course no later than November 30th, or as early as possible, to ensure on-time renewal.